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This is your Palladium podcast.
Welcome back to the Daily Palladium Price Tracker, I am Vanessa Clark.
Let us take a look at what is happening in the palladium market right now.
According to Kitco, the live spot price of palladium is trading around 1,384 dollars per troy ounce, down about 0.86 percent in the latest session. FX Leaders shows a very similar picture, with palladium quoted near 1,404 dollars and describing the tone as slightly bearish, with the price sitting just below a key pivot point around 1,413.
On the technical side, FX Leaders points to support levels around 1,407, 1,399, and 1,393 dollars, and resistance up near 1,422, 1,428, and 1,436 dollars. Their indicators show a relative strength index just above 50, which means momentum is fairly neutral, and an average true range close to 10 dollars, hinting at modest day to day volatility. They also note a parabolic SAR level down near 1,391, suggesting the potential for an upside reversal if buyers step in.
Looking at the broader precious metals space, Texas Precious Metals reports that on May 18 gold and silver both moved higher, with silver jumping more than two and a half percent. Palladium, by contrast, slipped slightly to close around 1,436 dollars, reflecting ongoing softness in demand from gasoline engine catalytic converters.
So what does this mean for you as a trader or investor watching palladium prices today?
First, be aware that the short term trend is mixed to slightly bearish, so tight risk management matters if you are trading intraday. Second, those nearby support and resistance levels can be useful markers. If prices hold above support around 1,393, that may signal consolidation rather than a deeper slide. A break above the 1,430s could open the door to a stronger rebound.
As always, combine these technical signals with the fundamentals you care about, especially auto demand and broader economic data.
That is it for today’s Daily Palladium Price Tracker with me, Vanessa Clark. Thanks for listening, be sure to subscribe, and tune in next time for your quick update on palladium prices and market trends.
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